Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 13,519 people, 5,747 houses or apartments, and a median cost of homes of $202,887, Mount Dora real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mount Dora, accounting for 62.11% of the city's housing units. Other types of housing that are prevalent in Mount Dora include large apartment complexes or high rise apartments ( 26.05%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few row houses and other attached homes ( 3.20%).
People in Mount Dora primarily live in small (one, two or no bedroom) single-family detached homes. Mount Dora has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mount Dora built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Dora built between 2000 and later ( 24.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.15%). There's also some housing in Mount Dora built before 1939 ( 4.45%).
Vacant housing appears to be an issue in Mount Dora. Fully 22.31% of the housing stock is classified as vacant. Left unchecked, vacant Mount Dora homes and apartments can be a drag on the real estate market, holding Mount Dora real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Mount Dora over the last then years, as home values have seen a decline of 24.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Dora home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.
Appreciation rates are so strong in Mount Dora that despite a nationwide downturn in the housing market, Mount Dora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Dora appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 92.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Dora. Mount Dora appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Mount Dora one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Mount Dora's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
|$946,001 - $1,262,000||2.0|
|$631,001 - $946,000||2.6|
|$505,001 - $631,000||6.3|
|$379,001 - $505,000||5.0|
|$252,001 - $379,000||22.8|
|$126,001 - $252,000||34.5|
|$63,001 - $126,000||19.3|
|$0 - $63,000||6.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mount Dora HOMES|
|2000 or Newer||24.3|
|1970 - 1999||56.1|
|1940 - 1969||15.2|
|1939 or Older||4.4|
|TYPE OF Mount Dora HOMES|
|Small Apt. Buildings||7.2|
|SIZE OF Mount Dora HOMES|
|5 or more bedrooms||0.39|